Altcoin
Ripple Whale Stuns Community With Massive $300,000 Into This Ethereum Token Presale, Says XRP Price Is Dead In The Water
In a dramatic move that has shocked the crypto ETF community, a Ripple whale has invested a massive $300,000 into the ETFSwap (ETFS) presale, calling the XRP price “dead in the water.” As XRP struggles, the Ethereum-based token ETFSwap (ETFS) unfolds as a beacon of hope for investors seeking opportunities in a floundering market.
ETFSwap (ETFS) Presale: A New Investment Beacon
The ETFSwap (ETFS) presale has captured the attention of the crypto ETF world, especially as it enters its final stage. Investors are flocking to this viral Ethereum altcoin, attracted by its rock-bottom price of $0.03846, with hopes of massive returns similar to those seen by early Bitcoin (BTC) investors. The Ripple whale’s bold move into ETFSwap (ETFS) signals confidence in the token’s future, especially as the XRP price continues to decline.
The Ethereum altcoin market is rapidly evolving, and ETFSwap (ETFS) is showing all the signs of a trailblazer in the crypto ETF space. With its cutting-edge technology and innovative features, ETFSwap (ETFS) stands out as a millionaire-making opportunity in a market that is currently ripe for disruption. No wonder the Ripple whale decided to offload $300,000 into the presale of this rising star, leaving XRP in the dust with the hope that Ripple does something quickly about the XRP price dip.
But what makes ETFSwap (ETFS) so attractive? For starters, its price of $0.03846 offers investors the chance to get in early, much like Bitcoin (BTC) did in its infancy. The Ripple whale’s foresight in recognizing the potential of this Ethereum token could pay off handsomely, especially as the project is backed by a strong technological infrastructure built on Ethereum’s blockchain. ETFSwap (ETFS) promises advanced DeFi utilities, with its staking options, liquidity pools, and tokenized assets, setting it apart from competitors.
Moreover, ETFSwap (ETFS) has been thoroughly vetted, with a Cyberscope audit confirming its security and KYC verification cleared by SolidProof. The presale has now entered its final stages, and the timing couldn’t be more perfect for those looking to capitalize on this low entry price before the token hits the mainstream market. Many crypto investors are following the lead of the Ripple whale, seeing ETFSwap (ETFS) as a safe bet for future gains while the XRP price continues to flounder.
ETFSwap’s (ETFS) unique offering of tokenized assets, combined with its powerful ETF tracking tools like the ETF tracker and ETF screener, ensures that it appeals to a wide range of investors. The Ripple whale is banking on ETFSwap (ETFS) to surge post-ICO, and many others are now following suit, drawn by the token’s potential and the opportunities it presents.
Why The Ripple Whale Lost Confidence In XRP Price
The whale’s decision to move $300,000 out of XRP and into ETFSwap (ETFS) speaks volumes. Ripple’s ongoing legal battle with the SEC has cast a shadow over the future of XRP price, leading to a drop in investor confidence. XRP price has been hanging precariously, struggling to regain momentum, while Ripple’s legal woes continue to mount. This uncertainty has caused many, including the Ripple whale, to reassess their positions and look for more promising alternatives.
ETFSwap (ETFS) offers just that. As the presale wraps up, the Ethereum altcoin is set to make waves in the crypto ETF space. Unlike XRP, which is weighed down by legal challenges, ETFSwap (ETFS) is clear of such issues, allowing it to grow and thrive without hindrance. The Ripple whale’s confidence in ETFSwap (ETFS) is further boosted by its solid foundation in the Ethereum blockchain, its advanced DeFi stance, and the anticipation surrounding its platform launch.
Conclusion: A Golden Opportunity For Crypto Investors
The Ripple whale’s massive $300,000 buy into the ETFSwap (ETFS) presale is a clear signal that this Ethereum token is set for great things. As XRP price falters and the market remains uncertain, ETFSwap (ETFS) offers a golden opportunity for investors to grab tokens at just $0.03846 before the presale ends. Like the Ripple whale, smart investors are moving quickly to stake their claims in what could be the next crypto ETF sensation.
Don’t miss your chance to ride this Ethereum powerhouse to the moon—grab your ETFSwap (ETFS) tokens today, before it’s too late!
For more information about the ETFS Presale:
Dogecoin whales are on a buying spree, despite the DOGE noting a retreat today, sparking speculations in the market. A top crypto market expert highlights that the DOGE whales have accumulated over $55 million of the top meme coins in the last 24 hours, indicating the growing confidence of the investors. Having said that, many in the digital assets space, especially the meme coin sector, anticipate a breakout ahead for the crypto.
Dogecoin Whales Bags Millions Sparking Optimism
The top meme coins have noted a strong rally over the past few days amid a positive sentiment hovering in the broader crypto market. Amid this, Dogecoin whales have accumulated millions of tokens, showcasing their increasing confidence in the market.
According to a recent X post by the prominent crypto market expert, Ali Martinez, the DOGE whales have bagged 140 million coins from yesterday only. The transfers, valued at around $56 million, have sparked discussions in the market over further rally in the meme coin’s price.
Besides, another report from Lookonchain showed that a Dogecoin whale has dumped all his SPX holdings to add DOGE to his holdings this week. According to the report, the whale has dumped 10.6 million SPX for $6.2 million, making a profit of around $920K. Following that, he has spent $6.2 million to buy 13.95 million Dogecoin, valued at around $4.88 million currently.
This massive accumulation has resulted him a loss of around $1.33 million. Despite that, it showcases the growing confidence of the investor towards the meme coin’s future trajectory.
DOGE To Hit $3 Next?
Apart from the Dogecoin whales, it appears many are now shifting their focus toward the digital assets space, especially the meme coins segment. Notably, interest rose after Elon Musk was appointed to the Department Of Government Efficiency (D.O.G.E.) to cut the excess Federal spending.
The short form of the department, resembling the ticker of Dogecoin, has sparked interest among investors. Besides, Musk has actively voiced his support for DOGE previously on the X platform, which has also fueled interest among investors.
However, despite the positive sentiment, the crypto market today retreated with Bitcoin price also witnessing a pullback from its ATH. Besides, several other top altcoins and meme coins have also faced pressure, as witnessed by the recent performances of the coins.
As of writing, DOGE price today was down over 6% and exchanged hands at $0.3726, while its one-day trading volume fell 31% to $14.88. Over the last 24 hours, the leading meme coin has touched a high of $0.4147. Notably, the crypto has touched a weekly gain of 89%, while in the last 30 days, it added about 200%.
However, Dogecoin Futures Open Interest fell more than 3% today, indicating the subsiding risk-bet appetite of the investors. Despite that, a recent Dogecoin price analysis hints at a possible rally for the crypto $3, sparking market interest.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In an effort to fuel market optimism, the leading crypto exchange Binance revealed an important update, sparking phenomenal gains in DEGEN price. A public announcement on Friday revealed that the crypto exchange is launching a perpetual contract for the mentioned crypto, sparking market discussions over its future price action. Meanwhile, traders also appear to have reacted positively to the listing announcement, as the coin’s intraday trading volume surged over 100%.
DEGEN Price Rallies On Binance Announcement
As per an official Binance announcement dated November 15, the crypto exchange is adding a DEGENUSDT (USD-Margined) perpetual contract today at 11:30 UTC. The announcement revealed that users on the platform remain poised to enjoy 75x leverage trading the asset.
Meanwhile, the exchange also plans to support Multi-Assets Mode for the crypto, offering enhanced flexibility and risk management for users. Further, the capped funding rate set by the exchange was at +2.00% / -2.00%. However, the leading crypto exchange also added that it could make potential changes in the contract ahead based on market risk conditions. These potential changes encompass adjustments in the funding fee, tick size, maximum leverage, initial margin, or maintenance margin requirements.
Nevertheless, the announcement appears to have set off optimistic waves for the token across the industry as DEGEN price rocketed amid a bull market.
DEGEN Soars 46%
At the time of reporting, DEGEN price surged 46% to trade at $0.02981. The coin’s intraday low and high were $0.01983 and $0.03272, respectively. Notably, intraday trading volume for the crypto soared 137% to $411.77 million. This bullish trajectory aligns with the aforementioned listing announcement.
Further, in light of the perpetual contract launch, the token’s futures OI witnessed gains worth 43% to $37.58 million. Moreover, the derivatives volume witnessed a 153% uptick to $125.94 million. Overall, this data showcases heightened investor increase in the asset.
In another similar chronicle, CoinGape Media reported recently that Sudeng (HIPPO) price skyrocketed following its perpetual contract launch on the same exchange. Notably, the token rallied 127% to date in the aftermath. This past chronicle has ignited substantial optimism over DEGEN price ahead. Crypto market enthusiasts continue to extensively eye the token for further gains ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification.
The violations have raised concerns about money laundering risks. The exchange’s ability to renew its license is now in jeopardy. Authorities are closely examining the full extent of the issue and its potential impact on the exchange future.
Major KYC Violations Found During Upbit License Renewal Process
Since the South Korea regulators, the Financial Intelligence Unit (FIU), started inspecting Upbit business license renewal applications in August, they’ve uncovered troubling violations. The KYC (Know Your Customer) process, a crucial measure to prevent money laundering, has reportedly been poorly executed.
According to a report by MK, over 500,000 accounts were flagged for failing to meet proper verification standards. These issues were primarily caused by blurred identification documents, which were submitted by users but still accepted. This raises concerns about Upbit’s commitment to maintaining regulatory standards.
The number of suspicious cases continues to grow as investigations proceed. The blurry IDs submitted by users, often with illegible names and registration numbers, were processed without proper verification. Such lapses not only undermine the integrity of the exchange’s KYC system but also leave the platform vulnerable to criminal activity. As the FIU delves deeper, the focus will be on how these violations will affect the platform’s future and its business license renewal.
The ongoing review will ultimately determine if Upbit’s license renewal is at risk, with potential fines and severe repercussions depending on the findings.
Regulatory Landscape and Future Outlook
The exchange is facing mounting pressure as its KYC violations threaten its license renewal. This scrutiny comes after Upbit faced an investigation for its dominant market position and ties to K-Bank, which further complicates its regulatory landscape. The ongoing investigation highlights the risks associated with unchecked growth in the crypto sector, leading to potential market instability.
In addition to the exchange’s ongoing issues, Radiant Capital (RDNT) is facing a trading suspension by the South Korea Digital Asset Exchange Association (DAXA). This move comes after the exchange failed to address security concerns following a recent breach.
DAXA has decided to halt RDNT trading, aiming to safeguard investors until the security issues are resolved. This action underscores the growing regulatory oversight in South Korea, where exchanges are facing heightened scrutiny to ensure compliance with financial regulations and protect users.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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